5 Experts Share Best 2023 Tips for Resource Investors | INN

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Jan. 06, 2023 12:30PM PST

Rick Rule, Gareth Soloway, Chris Vermeulen, David Morgan and Nick Barisheff share their best tips for resource investors in 2023.

2022 is over, and the Investing News Network is looking forward to 2023.

To kick off the new year, I asked five experts to share their best tips for resource investors over the next 12 months.

Read on to find out what they had to say.

5. Nick Barisheff: Keep physical precious metals on hand

Kicking off the list is Nick Barisheff of BMG Group. In today's tough economy, he's noticed a trend of investors liquidating physical precious metals for cash. This is risky in his opinion, and he pointed to physical silver as an option for those short on funds.

4. David Morgan: Create balance in your portfolio

David Morgan of the Morgan Report encouraged each investor to figure out the right amount of precious metals for their portfolio. He sees a need for balance, but did say that in general he wouldn't recommend any conventional assets right now.

3. Chris Vermeulen: Think twice before you buy and hold

Chris Vermeulen of TheTechnicalTraders.com is next, and he said that the "buy and hold" strategy will be risky for older investors in 2023. In his view, stepping out of the market could be a better option than staying in and potentially seeing major losses.

2. Gareth Soloway: Get educated on charts and market psychology

Gareth Soloway of InTheMoneyStocks.com encouraged investors to get educated on chart reading and market psychology.

1. Rick Rule: Prepare for increased risk and higher volatility

Finally, resource sector veteran Rick Rule of Rule Investment Media said he sees a "substantial risk" of a recession in the next five years. With that in mind, he believes people need to prepare for increased risk and higher volatility.

Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.

And don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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Charlotte McLeod

Charlotte McLeod

Editorial Director

With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.

She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.

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With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.

She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.

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